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Breaking News:

Goldman Sachs Drops Oil Price Forecast

Energy / Energy-General

China And Russia Move To Disrupt The Dollar’s Dominance In Oil Markets

Sep 13, 2022 at 09:11 | Simon Watkins

The long-mooted prospect of the end of the U.S. dollar’s hegemony in the global oil and gas markets took another step towards realisation last week with the announcement…

OPEC Remains Below Production Target Despite Boosting Output Again

Sep 13, 2022 at 09:10 | Julianne Geiger

OPEC raised its August oil production by 618,000 bpd, according to the group’s Monthly Oil Market Report published on September 13. According to OPEC’s secondary sources, OPEC raised its production…

Russia’s Energy Blackmail Is Backfiring

Sep 13, 2022 at 09:01 | The Jamestown Foundation

In early September 2022, Russian President Vladimir Putin spelled out his intention to punish Europe for resisting Russia’s assault on the world order and supporting Ukraine louder and…

How Millions Of ‘Cheap’ Electric Heaters Could Crush Germany’s Power Grid

Sep 13, 2022 at 08:32 | ZeroHedge

Maybe they ran out of firewood to buy. A few weeks after we reported that google searches for "firewood" exploded in

Hedge Funds Ditch Diesel As Economic Fears Mount

Sep 13, 2022 at 07:26 | Irina Slav

Institutional traders are selling their fuel positions at the fastest rate since early March as a slowdown looms over much of the world. This is the latest sign…

The Global Fuel Market Will Remain Tight For Years To Come

Sep 13, 2022 at 06:04 | Tsvetana Paraskova

Record volumes of refining capacity have been shut down over the past two years, which will lead to tight global fuel markets that will last at least through the middle…

Why The EU Is Struggling To Bring Its Energy Crisis Under Control

Sep 12, 2022 at 09:33 | Irina Slav

Last Friday, the energy ministers of the 27 EU members met for an emergency discussion of the energy supply situation in the bloc. The one thing they agreed…

Understanding Quantum Matter In Superconductors

Sep 12, 2022 at 09:08 | Brian Westenhaus

SLAC National Accelerator Laboratory researchers discovered that nickel oxide superconductors contain a phase of quantum matter, known as charge density waves, that’s common in other unconventional superconductors.

Which Is The Best Electric Semi-Truck?

Sep 12, 2022 at 08:57 | ZeroHedge

Electric semi trucks are coming, and they could help to decarbonize the shipping and logistics industry. However, range remains a major limitation. This presents…

Germany Is Now Paying Russia More Money For Fewer Imports

Sep 12, 2022 at 07:21 | Tsvetana Paraskova

The value of Germany’s imports from Russia jumped by 10.2% to $2.94 billion (2.9 billion euros) in July, compared to the same month a year ago, mostly as a result…

Europe’s Natural Gas Shortage Could Trigger A Food Crisis

Sep 12, 2022 at 05:43 | Haley Zaremba

The problem with an energy crisis is that it’s actually an everything crisis. In a world where virtually every industry relies on energy in some form, runaway inflation…

Oil Prices Under Pressure As Demand Concerns Mount

Sep 12, 2022 at 01:26 | Irina Slav

Oil prices fell early on Monday morning as bearish sentiment continued to weigh on markets amid expectations of further interest rate hikes and concerns about Chinese oil demand. Brent…

Oil Rig Count Slides In Tough Week For Crude

Sep 09, 2022 at 12:17 | Julianne Geiger

The number of total active drilling rigs in the United States dropped by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count…

EU Ministers Call For 10% Cut In Energy Consumption

Sep 09, 2022 at 11:52 | Julianne Geiger

A meeting of EU energy ministers on Friday has suggested that each EU country implement strategies to reduce overall electricity consumption by a minimum of 10 percent, the…

Why Europe Won’t Exploit Its Huge Gas Reserves

Sep 09, 2022 at 11:24 | Alex Kimani

As energy prices continue to soar across Europe, with gas prices surging 26% on Monday after Russia stopped pumping via Nord Stream 1, the highly contentious…

Economists Warn Energy Bill Price Caps Could Lead To Blackouts In UK

Sep 09, 2022 at 09:20 | City A.M

Economists are warning prime minister Liz Truss’s decision to freeze energy bills for everyone in the UK at £2,500 raises the risk of blackouts. Experts at…

Mergers And Acquisitions Are Back With $10 Billion In New Deals

Sep 09, 2022 at 09:03 | Alex Kimani

The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the oil and gas M&A playbook. Previously, oil and gas companies made numerous…

Magnetic Breakthrough Could Help Save Electricity

Sep 09, 2022 at 08:30 | Brian Westenhaus

Scientists from the U.S. Department of Energy’s Ames National Laboratory and Oak Ridge National Laboratory conducted an in-depth investigation of the Kagome layered…

China's Annual Oil Demand Could Drop For The First Time In 20 Years

Sep 09, 2022 at 06:39 | Tsvetana Paraskova

Sudden Covid lockdowns will weigh on China’s oil demand this year as people avoid mass travel around holidays, dragging fuel consumption in the world’s top crude importer down for 2022…

Bearish Sentiment Builds In Oil Markets

Sep 09, 2022 at 04:26 | Tom Kool

Bearish sentiment appears to be running rampant in oil markets, with OPEC+ production cuts and supply threats from Russia unable to significantly slow the oil price slide.Oilprice Alert: This…

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